Brexit Updates Blog

The ‘Brexit Bill’ has now become the ‘Brexit Act’… Or to give it its full name the European Union (Notification of Withdrawal) Act 2017. The bill received royal assent last week after making it unamended through both Houses of Parliament and its many committee and reading stages. Theresa May intends to keep to her self-imposed...

Last week the UK’s Supreme Court upheld the High Court’s November ruling (reported on in a previous post), rejecting by an 8:3 majority the government’s contention that it should be entitled to trigger Article 50 without the backing of Parliament. The government did however secure a political victory by virtue of the Supreme Court ruling,...

In thetmca.com, one of our ‘sister’ blogs, Ron Moscona comments on recent developments relating to the EU’s Unified Patent Court, including the potential impact that the Brexit negotiations may have. Could the EU Unified Patent Court Start Working in December 2017?

Ron Moscona comments on the recent decision of the Court of Justice of the European Union, which ruled that UK and Swedish national legislation imposing “general and indiscriminate” requirements on telecommunication operators to retain users’ traffic and location data was inconsistent with EU law. Read more here.

The High Court ruled on 3 November that the UK government’s plan to trigger Article 50 unilaterally, without first securing a mandate to do so from Parliament, is constitutionally unlawful. The importance of the case has led to a ‘leap-frog’ appeal straight to the Supreme Court – all 11 justices will sit en banc to...

In the debate leading up to the UK referendum on membership of the EU, one of the ‘Leave’ campaign’s arguments was that the UK would set itself free from the allegedly crushing burden of EU regulations. Time will tell whether or not, and to what extent, such claims are proven accurate, but it is almost...

Effect on financially stressed companies and buying opportunities While the United Kingdom has not yet implemented its withdrawal from the European Union, real-world consequences have already resulted from the June 23rd Brexit referendum. These consequences flow from the market’s anticipation of Brexit. For UK companies facing liquidity or operational challenges, uncertainty caused by Brexit may...

Theresa May spent much of last week touring European capitals for talks with her counterparts. Aside from the fact that the UK government does not intend to invoke Article 50 until early 2017 at the earliest, what is becoming increasingly clear is that there is still no clear answer to the “Brexit means Brexit” conundrum....

2016 has seen a significant slowdown in private equity activity in the UK, largely as a result of PE houses holding off on investment decisions pending the outcome of the EU referendum. According to the Centre for Management Buy-Out Research, Q1 of 2016 was the slowest since Q4 of 2009, and financial sponsor backed investments...

Key London Contacts

Mark is a senior UK law corporate finance partner in the London office of Dorsey & Whi...

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This blog is not legal advice, but contains general information not applicable to specific matters. We are not acting as your legal counsel unless separately retained in a written agreement signed by us.